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Bank AlJazira posts SR 144 million net profit in Q1 - Wed Apr 10 21:43:05 2013

Published: 10/04/2013 09:43:05 PM GMT
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In its financial results for the three-month period ended March 31,2013, Bank AlJazira has announced a net profit of SR 144 million, one percent more when compared to SR 143 million for the same quarter last year.

In its financial results for the three-month period ended March 31,2013, Bank AlJazira has announced a net profit of SR 144 million, one percent more when compared to SR 143 million for the same quarter last year.
The total operating income during Q1 was SR 443 million compared to SR 427 million for the same quarter in the previous year, reflecting an increase of 4 percent.
Net special commission income during the first quarter was SR 266 million compared to SR 219 million for the same quarter in the previous year, reflecting an increase of 22 percent.
Earning per share during the three months was SR 0.48 per share versus SR 0.48 per share for the same period in the previous year.
Total assets as of March 31, 2013 were valued at SR 54.12 billion against SR 43.26 billion for the same period in the previous year, which reflects an increase of 25 percent.
Total investments as of March 31, 2013 were SR 9.167 billion compared to SR 7.44 billion for the same period last year, which reflects an increase of 23 percent. Total loans and advances portfolio as of March 31, 2013 amounted to SR 32.41 billion against SR 25.07 billion for the same period in the previous year, which reflects an increase of 29 percent.
Total customer deposits as of March 31, 2013 amounted to SR 41.42 billion compared to SR 34.60 billion for the same period the previous year, which reflects an increase of 20 percent.
The increase in the net income during the first quarter of 2013 compared to the same period in the previous year is mainly due to the increase in operating income.
The increase in the net income during the first quarter of 2013 compared to the last quarter is mainly due to the increase in operating income.

Reproduced with permission from Arab News




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